Delhi CM approves setting up of Go-Delhi Foundation with ₹50 crore corpus to help startups: Here's what it will do
The Delhi government, led by Chief Minister Rekha Gupta, has approved the establishment of the Go-Delhi Foundation with a ₹50 crore corpus to support young innovators and startups, the chief minister’s office announced on Sunday (18 October).
The approval came at a recent Cabinet meeting chaired by Gupta, with the funding intended to help turn ideas into products and bring them to market, PTI reported.
The Go-Delhi Foundation aims to support young people, researchers and entrepreneurs in turning their ideas into practical products and viable businesses in the national capital, which is home to roughly 21,000 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).
The foundation will bring together resources on a common platform to support new businesses, draw investment and generate jobs, the Delhi CMO said in a statement.
The Delhi CM said startups and micro, small and medium enterprises (MSMEs) across the capital would gain access to laboratories, testing facilities, prototyping and product engineering services through the foundation. Technical advice, mentoring, incubation and business assistance, alongside connections with investors, would help them develop initial concepts into market-ready products.
The initiative would also assist entrepreneurs with preparation for certification and access to markets. By bringing these services together, the foundation aims to reduce the need to approach separate facilities and simplify starting and expanding a business in Delhi.
Also Read | MSMEs and startups: converging for growth
The foundation will also enable government departments to present practical problems to innovators across the capital. The CM added that products and technologies developed to tackle these problems could be tested through pilot projects, with successful solutions taken forward for adoption.
This would help departments find useful technologies while giving startups a chance to demonstrate how their products work in practice.
According to the statement, the foundation will collaborate with businesses, academic institutions, investors and other partners. Its programmes will operate through a hub-and-spoke network using existing facilities and partner institutions across the capital.
It will be set up as a not-for-profit company under Section 8 of the Companies Act, 2013, and operate under the Delhi government’s Department of Industries, the statement added.
The Go-Delhi Foundation’s approval follows the government’s adoption of the Delhi Start-up and Incubation Policy in July. The ₹400-crore initiative aims to create incubation centres in state-run higher education institutions and fund startups over five years.
The first phase proposes centres at 11 state universities, 13 government-aided colleges, polytechnics, Industrial Training Institutes (ITIs) and government schools. Startups linked to these centres would receive financial assistance as they meet milestones at different stages of development, Hindustan Times reported.
(with PTI inputs)
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br> Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br> At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br> She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br> Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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